Concordia Healthcare Corp. T.CXR.R

Huh? Someone in the States will get burned.

[Stockcoach1]

Concordia Healthcare Corp Has Another Very Negative Options Trading Session

by BLANCHE SILVA |  MAY 3, 2016

In today’s session Concordia Healthcare Corp (CXRX) recorded an unusually high (124) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the May, 2016 put, expecting serious CXRX decrease. With 124 contracts traded and 3464 open interest for the May, 16 contract, it seems this is a quite bearish bet. The option with symbol: CXRX160520P00020000 closed last at: $0.45 or 125% up. The stock decreased 9.03% or $2.63 on May 2, hitting $26.51. About 826,937 shares traded hands or 43.30% up from the average.

[adamchess]

It seems like just a cheap insurance policy for a long sh. I would think that the shorts will be taking on cheap call options in case of buy-out at higher prices $68 USD +++. ??

[springisnear]

somebody is just hedging against a Huge long position. pretty simple.

[CNInvesting]

Doesn't it also make sense for a long to buy call options ? If there's a buyout offer, the premium would be high for whatever strike is below the acquistion price, right ?

[adamchess]

For sure longs can buy call options to bet there is a nice buy-out coming. Big money to be made if it happens - not so good if it doesn't although SP still dirt cheap now either way. 

[CNInvesting]

Yeah that's what I thought. Thanks for the reply.

[puma1]

below is the written commentary that went along with John's discussion on BNN: Concordia Health is a Canadian pharmaceutical company that owns and markets a variety of drugs. It has been painted with the same brush as another Canadian pharmaceutical company, but is not plagued with any of the same issues. The company has recently announced the formation of a committee to review strategic

[fdfd12]

Puma check your INBOX

[Stockcoach1]

Yah but this guy was buyers my puts not calls

[fdfd12]

Stockcoach, I don't know what this is all about. First of all, May 16 isn't even a Friday. It is May 20 and I don't see anything withopen interst of 3464  on that date. Closest is $30US  1,200 open interest.